Property Tax Lawyers in Coeur D'alene

In Coeur D'alene, Idaho, the government imposes a tax (a legally-mandated payment made to the government) on real property. "Real property" is specified as any piece of land, or object permanently or semi-permanently attached to the land (such as buildings, trees, minerals, etc.).

Property tax in Coeur D'alene, Idaho is calculated by taking a percentage of the appraised value of the property in question. They are typically collected on an annual or monthly schedule.

Typically, the federal government does not collect property taxes anywhere in the U.S. Property taxes are gathered almost always by state and local authorities.

How Property Tax is Calculated in Coeur D

Most often, property taxes in Coeur D'alene, Idaho are simply a set percentage of the property's value. Across the country, state authorities impose a wide range of various tax rates. The highest rates in the country are in the area of 5% of the property's value, and the lowest are less than 1%.

To collect the property tax in a fair and consistent manner, Coeur D'alene, Idaho tax authorities need to have an objective formula for deciding the value of land under its jurisdiction.

In some ways, value is a subjective thing. For instance, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in deciding how much a piece of real property is worth.

To this end, the Coeur D'alene, Idaho appraiser will look at things like the state of the real estate market, the size of the land, the existence of additions to the land such as buildings, and the way in which the property is zoned.

How A Coeur D

The system of levying property taxes in Coeur D'alene, Idaho can get very complicated. Disagreements about property taxes, between the taxpayer and the tax authorities, can come up in various different ways. A taxpayer may believe that an error was made in calculating their property's taxable value, resulting in bigger tax bill. Additionally, the state or city government might allege that you have failed to pay your property taxes, while you believe that you have.

If you are engaged in a property tax dispute with the tax authorities of Coeur D'alene, Idaho, you should seek the assistance of a Coeur D'alene, Idaho tax attorney. Your attorney can help you prevent a small tax problem from turning into something much bigger and more expensive than it needs to be.